106 Old Elm RoadLindenhurst, IL 60046

Description

Exceptional multifamily development opportunity in the heart of Lindenhurst. Offered together, 104, 106, and 108 Old Elm Road represent one of the few remaining infill development sites in the Village zoned R-3, allowing for higher-density residential development in an established neighborhood setting. With housing demand continuing to outpace supply throughout Lake County, this approximately 3-acre site presents a rare opportunity to develop a proposed 24-unit multifamily community in a market with strong fundamentals, limited new inventory, and increasing demand for quality rental housing. The property's zoning, location, and surrounding infrastructure position it as a compelling investment for developers seeking a project with significant upside and a straightforward path to meeting local housing needs. Situated among established residential neighborhoods, the site benefits from existing utilities, convenient access to shopping, dining, employment centers, and major transportation routes. Residents will enjoy proximity to Lakes Community High School, a district recognized throughout the region for its educational offerings and community support. Lindenhurst continues to attract residents seeking an exceptional quality of life, supported by a highly regarded Park District, numerous community parks, recreation programs, and year-round events. The property is also located near the Chain O'Lakes recreational area, Hastings Lake, and thousands of acres of Lake County Forest Preserves offering boating, fishing, hiking, biking, and outdoor recreation opportunities that enhance long-term residential demand. As one of the last remaining multifamily development sites within the Village, this property offers a unique combination of zoning entitlement, location, and market demand. Whether developed as a 24-unit apartment community or another permitted residential product, the site represents a rare opportunity to add much-needed housing in a desirable Lake County location with strong demographic and economic drivers.

Property Information

Property type

Land

Lot size

3.30 acres

Lot dimensions

120x124x300x289

Ownership

Fee Simple

Zoning

MULTI

Days on market

136

MLS^® Listing#

12674820

Property Features

Lot features

Cleared

Utilities

Natural Gas Available · Sewer Connected · Water Available

Schools

Elementary

B J Hooper Elementary School

Middle

Joseph J Pleviak Elementary Scho

High

Lakes Community High School

District

Lakes Community High School

Financial Details

Annual taxes

$2,257Tax year 2025

Parcel number

06021050360000

Directions

From the intersection of Grand Avenue and Lindenhurst Drive, go North on Lindenhurst Drive to Old Elm Road. At intersection go left on Old Elm Road to address on left.